Videocon and Idea won spectrum in 7 circles while Telenor got spectrum in 4 circles. Airtel and Vodafone won spectrum in one circle each.Norwegian telecoms firm Telenor won licences to operate in six stateswill operate in Andhra Pradesh, Uttar Pradesh East, Uttar Pradesh West, Bihar, Gujarat and Maharashtra while it failed to win a licence in Mumbai, Kolkata and West Bengal

Nifty opened weak and breached the support of 5650 in intraday trade to conclude at 5631. The upside bias for next few weeks however remains intact as long as Nifty trades above the level of 5580. On the higher side it faces resistance near 5750 to 5775 range. A breach beyond this resistance would ensure further upside till at least 5815 and beyond that 5915 is a likely target for Nifty over the coming few weeks. Any decline below 5580 would negate the present bullish setup and in that case nifty may slide down to 5500 and possibly lower

Hi SB ™, Good evening.. guess Kartik would be able to answer that. can you email it to me? he will be back online early morning tomorrow.

sheeja Says:November 16th, 2012Posted at: 2:41 am

Hi CB,

Entered DLF PA after seeing the weakness in it and again got fooled by its up move!!This is the second time I am loosing money in DLF both in shorts.This time I really thought it will go below 195. Can you share your view on this?

CB Says:November 16th, 2012Posted at: 3:25 am

Hi sheeja, yes, has been moving in a small range since quite some time now. on the downside if breaks 200 can test 196. for now hold the pe. keep sl near 212

Buzzingstreet Says:November 19th, 2012Posted at: 5:11 pm

As per Federal bank technical research report one should go short in this counter. Federal bank is looking quite weak at current level and is expected to fall further. Positional traders can go short in Federal bank from current level for good gains.

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